Unfinished Nuclear Plant, 4 Decades and $5 Billion Later, Will Be Sold

After spending more than 40 years and $5 billion on an unfinished nuclear power plant in northeastern Alabama, the nation’s largest federal utility is preparing to sell the property at a fraction of its cost.

The utility, the Tennessee Valley Authority, has set a minimum bid of $36.4 million for its Bellefonte Nuclear Plant and 1,600 surrounding acres of waterfront property on the Tennessee River. Continue Reading.